Bolivia's state-run energy company, YPFB, has said that it expects investment in the country's
oil and gas sector to reach $2 billion in 2012, nearly doubling this year's record of $1.2 billion.
While 64 percent will come from YPFB, the company expects the rest to come from the private
sector. Is Bolivia's push to increase exploration, supply the domestic market and meet its
contracts with Brazil and Argentina overly ambitious or does the state have the right plans in
place? How important are hydrocarbons for the future of the Bolivian economy? What is the
government doing right to promote private sector investment and where is it off the mark?